guaranteed annual income

American  

[gar-uhn-teed an-yoo-uhl in-kuhm] / ˈgær ən tid ˈæn yu əl ˈɪn kʌm /

noun

1. Also called guaranteed income.  compensation provided by the government to any family or individual whose annual income falls below a specified level. GAI

2. guaranteed annual wage.

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Etymology

Origin of guaranteed annual income

First recorded in 1965–70

Example Sentences

The city’s task force has floated the idea of lump-sum payments of $5 million per eligible residents, as well as a guaranteed annual income of $97,000 and erasing personal debts.

From Washington Times

The representatives’ resolution states that Congress would commit to establishing new social welfare programs, expanding welfare benefits, a guaranteed annual income, a higher minimum wage, and many other things.

From Washington Times

Talk of a universal basic income has been around for decades but has become closely associated with the idea of artificial intelligence - the argument being that as robots take over more jobs in society, humans will need a guaranteed annual income supplied by government.

From BBC

Both the United States and Canada conducted pilot studies in towns and cities on negative income tax and a guaranteed annual income, respectively, during the 1970s.

From Nature

Escrivá hopes for similar outcomes from Spain’s guaranteed annual income project.

From Nature